Chat with us, powered by LiveChat

Loading...

Managed Services Market Report

RA00388

Managed Services Market, by Organization Size (Small and Medium Enterprise and Large), Deployment type (Cloud and On-premise), Service Type (Security Services, Network Services, Data Center and IT infra Services, Communication and Collaboration Services, Mobility Services, Information Services), Industry Vertical (Telecom, IT, BFSI, Consumer Goods and Retail, Manufacturing, Healthcare, Education, Energy and Utilities, Media and Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2019–2027

RA00388

Pages: 293

Sep 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Managed Services Market

Managed services market accounted for $1,73,850.0 million in 2019 and is predicted to generate a revenue of $4,10,707.9 million by 2027 with a CAGR of 11.1% in the forecast period. North America market accounted for $57,370.5 million in 2019 and is predicted to rise with a CAGR of 10.2% in the forecast period. Adoption of cloud technology in most organizations for operation flow is predicted to be the major driving factor for the global managed services market.

Managed Services Market Analysis

Managed services are the IT services. Managed services provide infrastructure, IT and other technical support to organizations. Managed service providers offer a wide range of services from cybersecurity needs, VoIp solutions, backup recovery and many other services. Managed services are used to improve operations and cut expenses.

The pandemic has created a positive impact on the global managed services market. Managed services have played an important role for organizations carry out smooth operations.  Most organizations are focusing more on work from home due to the pandemic situation. With the help of cloud managed services, organizations can even monitor the work flow in a detailed manner, which is predicted to boost the global market at the time of pandemic.

Adoption of cloud is predicted to be the biggest driving factor for the global managed services market

Adoption of cloud technology in most organizations for operation flow is predicted to be the major driving factor for the global managed services market. Cloud managed services control and reduce network maintenance costs. Managed services help to run the business process and operation from anywhere across the globe. Most of the organizations are focusing more on the adoption of the cloud services for the smooth flow of the organization’s work, which is predicted to boost the global managed services market in the estimated period. Moreover, minimal cost is required for managed services as it is outsourced by a third party, which is a major reason for driving the global market in the forecast period.

Lack of skilled labor is predicted to be the biggest restraint for the market

Lack of skilled labor in managed service providers is predicted to be the biggest restraint for the global managed services market in the estimated period. Most of the organizations are struggling to find professionals with experience in this field, which is predicted to hamper the market growth in the estimated period. Moreover, lack of training facilities regarding cyber security is predicted to hamper the market growth in the estimated period.

Managed Services Market, by Organization Size:

Large enterprises is predicted to be the most lucrative segment

Managed Services Market, by Organization Size

Source; Research Dive Analysis

Large enterprises segment is predicted to have the maximum market share in the estimated period. Large enterprises segment accounted for $1,02,417.3 million in 2019 and is predicted to rise with a CAGR of 10.1% in the forecast period. Large enterprises deal with heavy data. Managed services help in constant monitoring of the work flow in a most cost effective manner, which is predicted to drive the sub-segment in the estimated period.

Managed Services Market, by Deployment Type:

Cloud segment is predicted to grow enormously

Managed Services Market, by Deployment Type

Source; Research Dive Analysis

Cloud segment is predicted to have the maximum growth rate in the estimated period. Cloud segment accounted for $79,929.2 million in 2019 and is predicted to rise with a CAGR of 12.5% in the forecast period. Increasing adoption of cloud by most of the organizations is predicted to drive the segment market in the estimated period. Rise in number of small and medium-sized enterprises creating new revenue opportunities for cloud vendors is predicted boost the segment in the forecast period.

Managed Services Market, by Service Type:

Data center and IT infra services is predicted to be the most profitable segment

Managed Services Market, by Service Type

Source; Research Dive Analysis

Data center and IT infra services segment is predicted to be the most profitable segment. Data center and IT infra services accounted for $ 42,829.4 million in 2019 and is predicted to rise with a CAGR of 11.8% in the forecast period. Backups happen frequently and can even be continuous, which helps the organization to access important data or service that can be saved in more than one location. This advantage is predicted to drive the segment market in the estimated period.

Managed Services Market, by Industry Vertical:

IT segment is predicted to be have the maximum market share

Managed Services Market, by Industry Vertical

Source; Research Dive Analysis

IT segment is predicted to have the highest market share in the estimated period. IT segment accounted for $30,328.8 million in 2019 and is predicted to rise with a CAGR of 11.6% in the forecast period. Rise in the use of the managed services in the IT sector for various operational activities in house or in cloud premises is predicted to drive the segment market in the estimated period.

Managed Services Market, by Region:

North America region market is predicted to create more investment opportunities in the forecast period

Managed Services Market, by Region

Source; Research Dive Analysis

North America region market is predicted to create more growth opportunities in the estimated period. North America market accounted for $57,370.5 million in 2019 and is predicted to rise with a CAGR of 10.2% in the forecast period. Presence of large number of companies across the region is predicted to be the major driving factor for the regional market in the estimated timeframe. Majority of companies are focusing more on developing and creating more work force for their respective companies, which is predicted to be the biggest driving factor for the market in the estimated period.

Key Participants in the Managed Services Market:

Key Participants in the Managed Services Market

Source: Research Dive Analysis

The major key player in the global market are IBM Corporation, HCL Technologies, TCS, Atos, AT&T, Cisco Systems, Fujitsu, Ericsson, Accenture and Dimension Data among others. Among these, TCS' acquired US-based BridgePoint Group as acquisition to bolster domain expertise in US financial services, retirement services space.

Porter’s Five Forces Analysis for Managed Services Market:

  • Bargaining Power of Suppliers: The switching cost from one supplier to another is projected to be low. The bargaining power of suppliers is moderate.
  • Bargaining Power of Consumers: In this market, the concentration of buyers is high. The bargaining power of consumers is moderate.
  • The threat of New Entrants: Huge initial investments are essential to start a new venture of managed services. The threat of new entrants is Low.
  • The threat of Substitutes: This market has numerous alternatives of products; moreover, technology also offers high switching costs for clients.  The threat of substitutes is low.
  • Competitive Rivalry in the Market: The managed services market has only major players to sell their products. The competitive rivalry in the industry is Moderate.

 

Aspect

Particulars

 Historical Market Estimations

 2019-2020

 Base Year for Market Estimation

 2019

 Forecast timeline for Market Projection

 2019-2027

 Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

 Segmentation by Organization Size

  • SME
  • Large

 Segmentation by Deployment type

  • Cloud
  • On-premise

 Segmentation by Service Type

  • Security Services
  • Network Services
  • Data Center and IT infra Services
  • Communication and Collaboration Services
  • Mobility Services
  • Information Services

 Segmentation by Industry Vertical

  • Telecom
  • IT
  • BFSI
  • Consumer Goods and Retail
  • Manufacturing
  • Healthcare
  • Education
  • Energy and Utilities
  • Media and Entertainment
  • Others

 Key Countries Covered

U.S., Canada, Mexico Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Latin America, Middle East, Africa

 Key Companies Profiled

  • IBM
  • HCL
  • TCS
  • Atos
  • AT&T
  • Cisco
  • Fujitsu
  • Ericsson
  • Accenture
  • Dimension Data

 


Frequently Asked Questions
 

A. The global managed services market size was over $1,73,850.0 million in 2019 and is predicted to grow with a CAGR of 11.1% over the forecast period.

A. IBM and HCL are the key players in the global managed services market.

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. North America managed services market is projected to grow at 10.2% CAGR during the forecast period.

A. Product development is the key strategies opted by the operating companies in this managed services market.

A. IBM is the company investing more on R&D activities for developing new products and technologies.

1.    Research Methodology

1.1.    Desk Research
1.2.    Real time insights and validation
1.3.    Forecast model
1.4.    Assumptions and forecast parameters

1.4.1.    Assumptions
1.4.2.    Forecast parameters

1.5.    Data sources

1.5.1.    Primary
1.5.2.    Secondary

2.    Executive Summary

2.1.    360° summary
2.2.    Organization size trends
2.3.    Deployment type trends
2.4.    Service Type trends
2.5.    Industry Vertical trends

3.    Market Overview

3.1.    Market segmentation & definitions
3.2.    Key takeaways

3.2.1.    Top investment pockets
3.2.2.    Top winning strategies

3.3.    Porter’s five forces analysis

3.3.1.    Bargaining power of consumers
3.3.2.    Bargaining power of suppliers
3.3.3.    Threat of new entrants
3.3.4.    Threat of substitutes
3.3.5.    Competitive rivalry in the market

3.4.    Market dynamics

3.4.1.    Drivers
3.4.2.    Restraints
3.4.3.    Opportunities

3.5.    Technology landscape
3.6.    Regulatory landscape
3.7.    Patent landscape
3.8.    Pricing overview

3.8.1.    By organization size
3.8.2.    By deployment type
3.8.3.    By service type
3.8.4.    By industry vertical
3.8.5.    By region

3.9.    Market value chain analysis

3.9.1.    Stress point analysis
3.9.2.    Raw material analysis
3.9.3.    Manufacturing process
3.9.4.    Distribution channel analysis
3.9.5.    Operating vendors

3.9.5.1.    Raw material suppliers
3.9.5.2.    Product manufacturers
3.9.5.3.    Product distributors

3.10.    Strategic overview

4.    Disaster Recovery as a Service Type Market, by Organization Size

4.1.    SME

4.1.1.    Market size and forecast, by region, 2019-2026
4.1.2.    Comparative market share analysis, 2019-2026

4.2.    Large

4.2.1.    Market size and forecast, by region, 2019-2026
4.2.2.    Comparative market share analysis, 2019-2026

5.    Disaster Recovery as a Service Type Market, by Deployment type

5.1.    Cloud

5.1.1.    Market size and forecast, by region, 2019-2026
5.1.2.    Comparative market share analysis, 2019-2026

5.2.    On-Premises

5.2.1.    Market size and forecast, by region, 2019-2026
5.2.2.    Comparative market share analysis, 2019-2026

6.    Disaster Recovery as a Service Type Market, by Service Type

6.1.    Security Services
6.1.1.    Market size and forecast, by region, 2019-2026
6.1.2.    Comparative market share analysis, 2019-2026

6.2.    Network Services

6.2.1.    Market size and forecast, by region, 2019-2026
6.2.2.    Comparative market share analysis, 2019-2026

6.3.    Data Center and IT infra Services

6.3.1.    Market size and forecast, by region, 2019-2026
6.3.2.    Comparative market share analysis, 2019-2026

6.4.    Communication and Collaboration Services

6.4.1.    Market size and forecast, by region, 2019-2026
6.4.2.    Comparative market share analysis, 2019-2026

6.5.    Mobility Services

6.5.1.    Market size and forecast, by region, 2019-2026
6.5.2.    Comparative market share analysis, 2019-2026

6.6.    Information Services

6.6.1.    Market size and forecast, by region, 2019-2026
6.6.2.    Comparative market share analysis, 2019-2026

7.    Disaster Recovery as a Service Type Market, by Industry Vertical

7.1.    Telecom

7.1.1.    Market size and forecast, by region, 2019-2026
7.1.2.    Comparative market share analysis, 2019-2026

7.2.    IT

7.2.1.    Market size and forecast, by region, 2019-2026
7.2.2.    Comparative market share analysis, 2019-2026

7.3.    BFSI

7.3.1.    Market size and forecast, by region, 2019-2026
7.3.2.    Comparative market share analysis, 2019-2026

7.4.    Consumer Goods and Retail

7.4.1.    Market size and forecast, by region, 2019-2026
7.4.2.    Comparative market share analysis, 2019-2026

7.5.    Manufacturing

7.5.1.    Market size and forecast, by region, 2019-2026
7.5.2.    Comparative market share analysis, 2019-2026

7.6.    Healthcare

7.6.1.    Market size and forecast, by region, 2019-2026
7.6.2.    Comparative market share analysis, 2019-2026

7.7.    Education

7.7.1.    Market size and forecast, by region, 2019-2026
7.7.2.    Comparative market share analysis, 2019-2026

7.8.    Energy and Utilities

7.8.1.    Market size and forecast, by region, 2019-2026
7.8.2.    Comparative market share analysis, 2019-2026

7.9.    Media and Entertainment

7.9.1.    Market size and forecast, by region, 2019-2026
7.9.2.    Comparative market share analysis, 2019-2026

7.10.    Others

7.10.1.    Market size and forecast, by region, 2019-2026
7.10.2.    Comparative market share analysis, 2019-2026

8.    Disaster Recovery as a Service Type Market, by Region

8.1.    North Region

8.1.1.    Market size and forecast, by Organization Size, 2019-2026
8.1.2.    Market size and forecast, by Deployment type, 2019-2026
8.1.3.    Market size and forecast, by Service Type, 2019-2026
8.1.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.1.5.    Market size and forecast, by country, 2019-2026
8.1.6.    Comparative market share analysis, 2019-2026
8.1.7.    U.S
8.1.8.    Market size and forecast, by Organization Size, 2019-2026
8.1.9.    Market size and forecast, by Deployment type, 2019-2026
8.1.10.    Market size and forecast, by Service Type, 2019-2026
8.1.11.    Market size and forecast, by Industry Vertical, 2019-2026
8.1.12.    Canada
8.1.13.    Market size and forecast, by Organization Size, 2019-2026
8.1.14.    Market size and forecast, by Deployment type, 2019-2026
8.1.15.    Market size and forecast, by Service Type, 2019-2026
8.1.16.    Market size and forecast, by Industry Vertical, 2019-2026

8.2.    Europe

8.2.1.    Market size and forecast, by Organization Size, 2019-2026
8.2.2.    Market size and forecast, by Deployment type, 2019-2026
8.2.3.    Market size and forecast, by Service Type, 2019-2026
8.2.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.2.5.    Market size and forecast, by country, 2019-2026
8.2.6.    Comparative market share analysis, 2019-2026

8.2.7.    UK

8.2.7.1.    Market size and forecast, by Organization Size, 2019-2026
8.2.7.2.    Market size and forecast, by Deployment type, 2019-2026
8.2.7.3.    Market size and forecast, by Service Type, 2019-2026
8.2.7.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.2.7.5.    Comparative market share analysis, 2019-2026

8.2.8.    Germany

8.2.8.1.    Market size and forecast, by Organization Size, 2019-2026
8.2.8.2.    Market size and forecast, by Deployment type, 2019-2026
8.2.8.3.    Market size and forecast, by Service Type, 2019-2026
8.2.8.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.2.8.5.    Comparative market share analysis, 2019-2026

8.2.9.    France

8.2.9.1.    Market size and forecast, by Organization Size, 2019-2026
8.2.9.2.    Market size and forecast, by Deployment type, 2019-2026
8.2.9.3.    Market size and forecast, by Service Type, 2019-2026
8.2.9.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.2.9.5.    Comparative market share analysis, 2019-2026

8.2.10.    Italy

8.2.10.1.    Market size and forecast, by Organization Size, 2019-2026
8.2.10.2.    Market size and forecast, by Deployment type, 2019-2026
8.2.10.3.    Market size and forecast, by Service Type, 2019-2026
8.2.10.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.2.10.5.    Comparative market share analysis, 2019-2026

8.2.11.    Rest of Europe

8.2.11.1.    Market size and forecast, by Organization Size, 2019-2026
8.2.11.2.    Market size and forecast, by Deployment type, 2019-2026
8.2.11.3.    Market size and forecast, by Service Type, 2019-2026
8.2.11.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.2.11.5.    Comparative market share analysis, 2019-2026

8.3.    Asia-Pacific

8.3.1.    Market size and forecast, by Organization Size, 2019-2026
8.3.2.    Market size and forecast, by Deployment type, 2019-2026
8.3.3.    Market size and forecast, by Service Type, 2019-2026
8.3.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.5.    Market size and forecast, by country, 2019-2026
8.3.6.    Comparative market share analysis, 2019-2026

8.3.7.    China
8.3.8.    Market size and forecast, by Organization Size, 2019-2026
8.3.9.    Market size and forecast, by Deployment type, 2019-2026
8.3.10.    Market size and forecast, by Service Type, 2019-2026
8.3.11.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.12.    Comparative market share analysis, 2019-2026

8.3.13.    India

8.3.13.1.    Market size and forecast, by Organization Size, 2019-2026
8.3.13.2.    Market size and forecast, by Deployment type, 2019-2026
8.3.13.3.    Market size and forecast, by Service Type, 2019-2026
8.3.13.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.13.5.    Comparative market share analysis, 2019-2026

8.3.14.    Japan

8.3.14.1.    Market size and forecast, by Organization Size, 2019-2026
8.3.14.2.    Market size and forecast, by Deployment type, 2019-2026
8.3.14.3.    Market size and forecast, by Service Type, 2019-202
8.3.14.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.14.5.    Comparative market share analysis, 2019-2026

8.3.15.    South Kore

8.3.15.1.    Market size and forecast, by Organization Size, 2019-2026
8.3.15.2.    Market size and forecast, by Deployment type, 2019-2026
8.3.15.3.    Market size and forecast, by Service Type, 2019-202
8.3.15.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.15.5.    Comparative market share analysis, 2019-2026

8.3.16.    Australia

8.3.16.1.    Market size and forecast, by Organization Size, 2019-2026
8.3.16.2.    Market size and forecast, by Deployment type, 2019-2026
8.3.16.3.    Market size and forecast, by Service Type, 2019-202
8.3.16.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.16.5.    Comparative market share analysis, 2019-2026

8.3.17.    Rest of Asia Pacific

8.3.17.1.    Market size and forecast, by Organization Size, 2019-2026
8.3.17.2.    Market size and forecast, by Deployment type, 2019-2026
8.3.17.3.    Market size and forecast, by Service Type, 2019-2026
8.3.17.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.3.17.5.    Comparative market share analysis, 2019-2026

8.4.    LAMEA

8.4.1.    Market size and forecast, by Organization Size, 2019-2026
8.4.2.    Market size and forecast, by Deployment type, 2019-2026
8.4.3.    Market size and forecast, by Service Type, 2019-2026
8.4.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.4.5.    Market size and forecast, by country, 2019-2026
8.4.6.    Comparative market share analysis, 2019-2026

8.4.7.    Latin America

8.4.7.1.    Market size and forecast, by Organization Size, 2019-2026
8.4.7.2.    Market size and forecast, by Deployment type, 2019-2026
8.4.7.3.    Market size and forecast, by Service Type, 2019-2026
8.4.7.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.4.7.5.    Comparative market share analysis, 2019-2026

8.4.8.    Middle East

8.4.8.1.    Market size and forecast, by Organization Size, 2019-2026
8.4.8.2.    Market size and forecast, by Deployment type, 2019-2026
8.4.8.3.    Market size and forecast, by Service Type, 2019-2026
8.4.8.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.4.8.5.    Comparative market share analysis, 2019-2026

8.4.9.    Africa

8.4.9.1.    Market size and forecast, by Organization Size, 2019-2026
8.4.9.2.    Market size and forecast, by Deployment type, 2019-2026
8.4.9.3.    Market size and forecast, by Service Type, 2019-2026
8.4.9.4.    Market size and forecast, by Industry Vertical, 2019-2026
8.4.9.5.    Comparative market share analysis, 2019-2026

9.    Company Profiles

9.1.    IBM Corporation

9.1.1.    Business overview
9.1.2.    Financial performance
9.1.3.    Product portfolio
9.1.4.    Recent strategic moves & developments
9.1.5.    SWOT analysis

9.2.    HCL.

9.2.1.    Business overview
9.2.2.    Financial performance
9.2.3.    Product portfolio
9.2.4.    Recent strategic moves & developments
9.2.5.    SWOT analysis

9.3.    TCS.

9.3.1.    Business overview
9.3.2.    Financial performance
9.3.3.    Product portfolio
9.3.4.    Recent strategic moves & developments
9.3.5.    SWOT analysis

9.4.    ATOS.

9.4.1.    Business overview
9.4.2.    Financial performance
9.4.3.    Product portfolio
9.4.4.    Recent strategic moves & developments
9.4.5.    SWOT analysis

9.5.    AT&T

9.5.1.    Business overview
9.5.2.    Financial performance
9.5.3.    Product portfolio
9.5.4.    Recent strategic moves & developments
9.5.5.    SWOT analysis

9.6.    Cisco

9.6.1.    Business overview
9.6.2.    Financial performance
9.6.3.    Product portfolio
9.6.4.    Recent strategic moves & developments
9.6.5.    SWOT analysis

9.7.    Fujitsu.

9.7.1.    Business overview
9.7.2.    Financial performance
9.7.3.    Product portfolio
9.7.4.    Recent strategic moves & developments
9.7.5.    SWOT analysis

9.8.    Ericsson

9.8.1.    Business overview
9.8.2.    Financial performance
9.8.3.    Product portfolio
9.8.4.    Recent strategic moves & developments
9.8.5.    SWOT analysis

9.9.    Accenture

9.9.1.    Business overview
9.9.2.    Financial performance
9.9.3.    Product portfolio
9.9.4.    Recent strategic moves & developments
9.9.5.    SWOT analysis

9.10.    Dimension Data

9.10.1.    Business overview
9.10.2.    Financial performance
9.10.3.    Product portfolio
9.10.4.    Recent strategic moves & developments
9.10.5.    SWOT analysis

 

Managed services, also known as cloud managed services (CMS) help enterprises in enhancement of IT infrastructure that is needed to be managed with the collaboration of third party and through cloud platforms. These services allow organizations to concentrate on their core business strategies and activities and helps in improving efficiency of a company by offering them competencies in which the company lacks or in replacing the functions that earns higher cost to company.

Various managed services offered by the managed service providers (MSPs) include maintenance and support services, remediation services, security services, monitoring services, network management, server management, database management, disaster recovery, managed storage, managed contact center services, web hosting, application hosting, enterprise mobility management, and others.

COVID-19 Impact on the Industry

The global economy has been disturbed by the outbreak of COVID-19 pandemic. However, the rising adoption of cloud applications, security solutions, artificial intelligence (AI), and big data is predicted to witness a surge in the growth of global managed services market. A number of organizations across the globe are focusing more on work from home to avert the spread of the deadly virus. In addition, the key players of the industry are expanding their business and getting into partnerships to sustain in the pandemic situation. For instance, in March 2020, Oman-based largest telecom operator, Oman expanded its managed services partnership with Ericsson. This partnership includes the deployment of Network Functions Virtualization (NFVI) and automation platforms that allow Omantel to enhance customer experience and increase operational network proficiency.

Key Developments in the Global Industry

Technological advancements are predicted to play a crucial role and are creating lucrative opportunities in the global managed services market. The major industry players are adopting several strategies such as mergers, acquisitions, partnerships, and geographical expansion to obtain a robust position in the overall market, which is subsequently estimated to bolster the growth of the global market.

For instance, in February 2019, a Russian company PJSC VimpelCom and Amdocs Limited entered into a partnership and announced a novel digital IT modernization project. The new IT-solution will upgrade PJSC VimpelCom Digital Business Systems and its neighboring environment. The upgraded technology will offer a more personalized experience to its customers, from self-care management of accounts to totally new bundles for telco as well as non-telco products.

In July 2019, Accenture Plc. completed the acquisition a technology consultancy, BCT Solutions, to strengthen the defense, public safety services, and national security in New Zealand and Australia.

In January 2020, HP launched a novel range of cloud services for hospitality operators and retailers. HP “Engage Catalog” and “Engage Console” are developed to deliver flexible and easy retail solutions, to help retail and hospitality industries to enhance productivity by minimizing manual IT work.

In March 2020, Infosys entered into a collaboration with IBM to help business enterprises speed up their digital transformation activity by using the IBM cloud services. This partnership may help the enterprises transition, transform, and modernize their applications and workflows with IBM cloud services.

Forecast Analysis of the Managed Services Market

Global managed services market is projected to experience a noteworthy growth over the forecast period mainly because managed services help in managing business processes and operations form anywhere all over the world. As managed services are outsourced by a third party, they require minimal cost which is predicted to play an important role in creating massive growth opportunities in the global market. However, the dearth of skilled labor in managed services is likely to hamper the market growth in the coming future.

The growing adoption of cloud technology by various organizations across the globe is a major factor estimated to propel the growth of the global managed services market by 2027. Research Dive in its published report predicts that the global managed services market will grow at a CAGR of 11.1% during the forecast period. The North America market for managed services is projected to witness a significant growth throughout the forecast period owing to the presence of large number of companies in the region. The report further outlines major players functioning in the global industry that are adopting on several strategies to increase their market position. Some of these players include HCL Technologies, IBM Corporation, TCS, AT&T, Atos, Cisco Systems, Ericsson, Fujitsu, Dimension Data and Accenture.

 

Purchase Options

Inquire To Buy

Personalize this research

  • Triangulate with your own data
  • Request your format and definition
  • Get a deeper dive on a specific application, geography, customer or competitor
10% Off on Customization
Contact Us

Customers Also Viewed